Audio and Meeting Minutes from July 23, 2008 Meeting Now Available

Listen to the financial literacy Work Group discuss the gaps and needs for financial literacy in Washington State.

Streaming Audio: http://dfi.wa.gov/work-group/audio/full-wg-july-23.asx
Meeting Minutes: http://dfi.wa.gov/work-group/notes/july-23-fg-meeting.pdf

The next Work Group meeting is this Wednesday, August 20th, 8:30 am - 12:00 pm.

Preliminary Recommendations From The Non-Profit Subcommittee

The subcommittees have been working hard to come up with recommendations that they would like to include in the final report to the Governor and members of the Legislature.

Below are some DRAFT recommendations that the non profit subcommittee has come up with. The full Work Group will discuss these recommendations at the next meeting on Wednesday, August 20th.

• Provide incentives for participation in financial education
  
• Establish broad based financial literacy marketing and outreach campaign
  
• Create dedicated state funding source for financial education and related asset building activities
  
• Mandate/strongly encourage that integration of financial literacy into existing services for targeted populations
  
• Create instructors’ learning center/clearinghouse
  
• Establish a demonstration project through local asset building coalitions to bring financial fitness to scale in one community
  
• Ensure competent lead organization to manage and continually update clearinghouse system
  
• Mandate financial literacy as part of K-12 learning (implement FLPPP recommendations)